Data-cleaning platform Trifacta raises $100m
San Francisco-based data wrangling developer Trifacta has secured $100 million in financing which it will use to fuel further adoption of its AI-driven platform and global expansion.
New investors included Telstra Ventures, Energy Impact Partners, NTT Docomo Ventures, BMW iVentures and ABN AMRO Digital Impact Fund, alongside existing investors Accel Partners, Cathay Innovation, Google, Greylock Partners, Ignition Partners, and Infosys.
Telstra and NTT Docomo will help Trifacta develop its Asia Pacific customer base and break into the telecommunications space, just as BMW will help open up automotive opportunities and so on.
“As we face an exponential growth in big data — from machines in our factories to connected cars on the road — we believe that Trifacta’s data prep solution will be key to accelerating the feedback loop between the hordes of data produced everyday and the types of insights and actions taken by large organisations,” says BMW iVentures’ partner Marcus Behrendt.
Trifacta uses a combination of human-computer interaction, machine learning and scalable data processing to deliver a data-cleaning service for companies across all industry divisions.
“For the last decade, companies have been trying to become more data driven, but most organizations have done little to enable people to get past all of the data friction that prevents them from asking and answering the most interesting questions,” says Trifacta’s CEO Adam Wilson.
He adds: “By automating complex data engineering tasks and enabling increased levels of self-service, Trifacta ensures organizations can harness the collective intelligence of their teams and make everyone a data hero.”